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In this paper, we present international comparisons of potential output growth among several economies - Canada, the Euro area, France, Germany, Italy, Japan, the Netherlands, the United Kingdom, and the United States - for the period 1991-2004. The main estimates rely on a structural approach...
Persistent link: https://www.econbiz.de/10013316775
The purpose of this article is to study the trends in per capita productivity in several major industrialised countries …, France and the United Kingdom. Productivity trends are then studied over a shorter period, using quarterly data, for the … studies of this kind, but they are too often focused on presenting average productivity growth rates for given periods chosen …
Persistent link: https://www.econbiz.de/10013135036
The growth of total factor productivity (TFP) in advanced economies has slowed significantly after the 1970s. The … global financial crisis (GFC) has resulted in the second productivity growth slowdown. This paper, on the basis of a broad … literature review, identifies the structural forces and legacies of the financial crisis, explaining the productivity growth …
Persistent link: https://www.econbiz.de/10012198633
This paper studies the evolution of non-financial corporate debt among publicly listed companies in major advanced economies between 2010 and 2017. Since 2010, firms have started to rely more on corporate bond markets and have used part of their debt to increase their holdings of cash. In our...
Persistent link: https://www.econbiz.de/10012827582
This study consists of an examination of productivity growth following three major technological breakthroughs: the … original invention until a substantial increase in the rate of productivity growth can be observed. There is also strong … persuasive direct evidence that the steam engine producing industry and electric machinery had particularly high productivity …
Persistent link: https://www.econbiz.de/10014049339
with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers. -- Wages ; Productivity ; Labour …
Persistent link: https://www.econbiz.de/10003990440
with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers. -- wages ; productivity ; labour …
Persistent link: https://www.econbiz.de/10008779969
, productivity, concentration, and structural change, and whether patterns arise in a systematic way. We unveil a set of regularities … in the behaviour of these variables for both sets of countries and depending on the productivity level and the level of … above variables according to the productivity level and the level of external financial dependence of industries. This study …
Persistent link: https://www.econbiz.de/10009533466
total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …
Persistent link: https://www.econbiz.de/10009535843
with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers …
Persistent link: https://www.econbiz.de/10013139711